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Published on:
February 25, 2023
By
Prerna

Records Tapes Recorded Media - GST Rates & HSN Code 8524

Introduction

Recorded media, tapes, and records are all an important part of our lives. They can be used for entertainment, education, and communication. And as such, they are subject to GST rates and HSN codes in India.

GST Rates for Recorded Media

In India, recorded media, tapes and records are subject to GST. The GST rate for these items is 18%. This includes all types of recorded media, regardless of the format or the content. This GST rate is applicable whether the item is sold in India or imported from another country.

HSN Code for Recorded Media

The HSN code for recorded media is 8524. This code is used to classify all types of recorded media, including tapes and records. The HSN code is an internationally recognized system used to classify goods for taxation purposes.

Why is it Important to Know the GST Rates and HSN Code for Recorded Media?

Knowing the GST rates and HSN code for recorded media is important for several reasons. First, it helps you understand the tax implications of buying or selling these items. Second, it helps you comply with the legal requirements of the Indian tax system. Finally, it helps you avoid any legal issues that may arise from non-compliance with the tax system.

Conclusion

Recorded media, tapes, and records are an important part of our lives, and as such, they are subject to GST rates and HSN codes in India. Knowing the GST rates and HSN code for these items is important for compliance with the Indian tax system and avoiding legal issues.

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Updated on:
March 16, 2024